Best days for Facebook are 'behind them' -George Ball

"Facebook, the other big tech companies, have been so successful for so long and it's gotten to be so large that is, is the logical target for politicians," said Ball.

Shares of Facebook dropped sharply Monday after a whistleblower accused the company of repeatedly prioritizing profit over clamping down on hate speech and misinformation. They slid further after Facebook, Instagram and WhatsApp suffered outages.

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